Full & Final offer of a 9 year old CCJ

Norman_the_Panda

Hi All,

Fisrt post - been lurking a while, and it's a bloody useful site! :T

I have a question - approximately, 10 years ago, I got into trouble with a bank loan, when I lost my job, and my daughter was due. After a bit of wrangling, I wound up with a CCJ, paying £25 a month on approximately £6,000 of debt. Since then, I've got a job, split with the ex who kept running up the debts (I won't bore you with all of the details)........

Anyhoo, present day - realised I've still been paying this £25 since 1998. I'm getting a mortgage with my wife. Doing our homework, and on the advice of our IFA, I got full credit reports from Experian and Equifax. Neither of these reports show the CCJ - although I realise this doesn't mean it's gone away, my credit profile is noted as 'good', and I have no problem obtaining credit with decent rates.

Now, I want to pay this off, but I have no paperwork (it all got lost when I left my ex). I managed to track down the company who're dealing with the debt, some solicitors called Sechiari, Clark & Mitchell, and I offered them half the outstanding balance (which stood at £2843.99), in order to clear it as it had been so long (I can't quite afford to pay it in full). The refused, but have accepted an offer of £1600, to be paid mid-january, which they are writing to confirm.

As you can probably appreciate, I'll be chuffed to bits when this is paid, but my question is, whether this will re-appear on my credit profile? Settled or no, it's not there now (as it's nine years on), will I be shooting myself in the foot, after having rebuilt my credit profile, by putting a bad debt from my past back on, or will it not show?

Norman_the_Panda

Any thoughts, folks?

robotgirl_2

I *think* the CCJ falls off your report after 6 years automatically, whether settled/part settled or unsettled.

Hopefully someone will be along soon to confirm that - you could try confirming it with somewhere like National Debtline or CAB if you need to?

Donedoingdebt

I've had several defaults on my files which have expired after 6 years even though I am still paying off the debts to these companies monthly.
Upon ringing the CRAs for advice, they all stated that these defaults will not reappear on my files, however long it takes to pay them off.
I can't guarantee that CCJs are the same, but I would say it looks promising.
CAB, CCCS or Payplan should be able to tell you for definite.

nippey2

I had 2 CCJ's on my file, one of which i managed to settle. The other i just hoped it would run out of time for the bank to chase me. The 6 years passed back in June 2006 for this and low and behold it has disappeared from my file!

esthomizzy

Hello NTP. I think it's fabulous that you are paying this off now you can afford to. Congratulations for being debt responsible